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Afe - Aeci Limited - Exercise Of Options And Subsequent Sale Of Shares By

Release Date: 03/12/2008 10:52:02      Code(s): AFE
AFE - AECI LIMITED - Exercise of options and subsequent sale of shares by       
director                                                                        
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code:  AFE     ISIN No. ZAE000000220                                      
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY DIRECTOR                   
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director:                          Mr S Engelbrecht                             
Company:                           AECI Limited                                 

Date of transaction:               2 December 2008                              
Nature of transaction:             Exercise of options                          
Class of securities:               Options in respect of ordinary               
shares                                        
Number of options exercised:       40,000                                       
Option strike price:               R17.50                                       
Date option issued:                2 January 2002                               
Value of transaction:              R700,000                                     
                                                                                
Date of transaction:               2 December 2008                              
Nature of transaction              Sale of shares                               
Class of securities                Ordinary shares                              
Number of shares sold:             25,304                                       
Selling price:                     R45.1422                                     
Value of transaction:              R1,142,278                                   

Nature of director`s interest:     Direct beneficial                            
Clearance obtained:                Yes, from Chairman                           
                                                                                
Woodmead                                                                        
3 December 2008                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 03/12/2008 10:52:02 Supplied by www.sharenet.co.za                     
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